Bangladesh: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Bangladesh

The Bangladeshi prepared baking powder market shrank slightly to $X in 2022, declining by -2% against the previous year. Overall, consumption, however, posted a resilient increase. Prepared baking powder consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Prepared Baking Powder Production in Bangladesh

In value terms, prepared baking powder production shrank to $X in 2022 estimated in export price. In general, production, however, recorded a strong increase. The pace of growth was the most pronounced in 2013 when the production volume increased by 43% against the previous year. Prepared baking powder production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Prepared Baking Powder Exports

Exports from Bangladesh

In 2021, exports of prepared baking powders from Bangladesh fell to X kg, shrinking by -12.1% compared with the year before. Overall, exports, however, enjoyed a prominent increase. The exports peaked at X kg in 2020, and then dropped in the following year.

In value terms, prepared baking powder exports dropped to $X in 2021. Over the period under review, exports, however, posted a significant expansion. Over the period under review, the exports hit record highs at $X in 2020, and then contracted in the following year.

Exports by Country

Cambodia (X kg) was the main destination for prepared baking powder exports from Bangladesh, with a 90% share of total exports. Moreover, prepared baking powder exports to Cambodia exceeded the volume sent to the second major destination, Saudi Arabia (X kg), more than tenfold. Maldives (X kg) ranked third in terms of total exports with a 3.4% share.

From 2014 to 2021, the average annual growth rate of volume to Cambodia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (0.0% per year) and Maldives (0.0% per year).

In value terms, Cambodia ($X) emerged as the key foreign market for prepared baking powders exports from Bangladesh, comprising 92% of total exports. The second position in the ranking was held by Singapore ($X), with a 4.1% share of total exports. It was followed by Saudi Arabia, with a 2.7% share.

From 2014 to 2021, the average annual growth rate of value to Cambodia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-39.2% per year) and Saudi Arabia (0.0% per year).

Export Prices by Country

The average prepared baking powder export price stood at $X per ton in 2021, surging by 6.5% against the previous year. In general, the export price showed a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Maldives ($X per ton) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+8.1%).

Prepared Baking Powder Imports

Imports into Bangladesh

In 2022, after three years of growth, there was significant decline in supplies from abroad of prepared baking powders, when their volume decreased by -10.6% to X tons. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 103%. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, prepared baking powder imports contracted rapidly to $X in 2022. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 103%. Over the period under review, imports attained the peak figure at $X in 2021, and then declined rapidly in the following year.

Imports by Country

In 2022, Singapore (X tons) constituted the largest prepared baking powder supplier to Bangladesh, with a 29% share of total imports. Moreover, prepared baking powder imports from Singapore exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Malta (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore totaled +54.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+15.3% per year) and Malta (+27.8% per year).

In value terms, Singapore ($X) constituted the largest supplier of prepared baking powders to Bangladesh, comprising 51% of total imports. The second position in the ranking was taken by Malta ($X), with a 17% share of total imports. It was followed by the United Arab Emirates, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value from Singapore stood at +81.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malta (+46.0% per year) and the United Arab Emirates (+66.3% per year).

Import Prices by Country

The average prepared baking powder import price stood at $X per ton in 2022, falling by -8.4% against the previous year. Overall, the import price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 94% against the previous year. The import price peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :